You try buying ATMs for $30-50,000 each, keep them stocked, maintained and insured, and replace them every 3-5 years, at 12 cents per transaction. Let me know how that works out for you financially.
My husband has ATMs. The fees that the banks charge to allow each and every swipe are far more expensive...they were 44 cents a swipe. Thankfully, they are a bit less now.
Do you own the ATMs that are placed in businesses?
BTW, how does a cap on swipe fees affect you? Did they lower the owner’s take?